---
schema_version: "secwatch.filing_event.v1"
accession: "0001214659-23-016168"
form_type: "8-K"
ticker: "VRME"
cik: "0001104038"
company_name: "VerifyMe, Inc."
filed_at: "2023-12-08T23:59:59+00:00"
generated_at: "2026-06-07T15:24:56.870614+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# VerifyMe board approves $500K share repurchase plan and reduces director compensation by 50%

## Summary
- Board authorized repurchase of up to $500,000 in common stock through December 31, 2024.
- Annual director equity retainer reduced by 50% starting after the 2024 shareholder meeting.
- Committee chair and Lead Independent Director compensation also cut by 50%.
- Board members did not receive compensation for first five months of 2023.
- Board members participated in VerifyMe's last two capital raises and continue open-market purchases.

## SEC filing metadata
- accession: 0001214659-23-016168
- form_type: 8-K
- ticker: VRME
- cik: 0001104038
- company_name: VerifyMe, Inc.
- filed_at: 2023-12-08T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1104038/000121465923016168/0001214659-23-016168-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1104038/000121465923016168/z1272328k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001214659-23-016168
- JSON: https://secwatch.observer/filing/0001214659-23-016168.json
- Plain text: https://secwatch.observer/filing/0001214659-23-016168.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.